Annuity Advantages

Although thousands of people are actively choosing to use their new found freedom to access the money saved over their working lives, thousands more will choose the certainty of an annuity, providing them with an income for life.

For many people, knowing they have a guaranteed income for the rest of their life is a good thing that most people value.

Annuity rates have been falling in recent years. However, for anyone looking at buying an annuity there are a number of things, which may improve the rate you are able to access and give your income an enhancement.

Health and Lifestyle

The annuity market within the UK is debatably the most sophisticated in the world and as a result can tailor the policy to your personal circumstances, taking your lifestyle and health into consideration. Firms such as Age Partnership will use such information to get you the best possible rate.

If you suffer from a health condition, which means you are likely to have a shorter than average life expectancy, Insurers will reflect this by offering you an increased income due to the shorter period of time your pension pot would have to cover. These increased annuity rates are offered by "enhanced" annuities, sometimes known as "impaired-life" annuities.

Shop Around

Not all providers offer the rates attached to these special policies so some shopping around is required. Fortunately, Age Partnership is able to do all the hard work for you, comparing every provider in the market to find the best deal for you, allowing you to be sure you have achieved the best possible income from an annuity.

Get Advice

Should you decide you would like financial advice, consulting a financial advisor that specialises in retirement income couldn’t be easier at Age Partnership. The advisor will assess your circumstances and objectives, as well your health and lifestyle (along with your spouse if necessary). The advisor will then create a bespoke report for you setting out our advice, including whether you can achieve a better deal by moving away from your current pension provider.

By speaking to one of Age Partnerships qualified advisors you can be safe in the knowledge that you are making a suitable choice on your future finances, giving you piece of mind.

If annuity isn’t the best option for you, our advisors will guide you through the process and discuss all your options with you, to find you the best products for your personal circumstances.

For more information about your pension please call 0800 975 5551


 

Age Partnership believe that people who are at or approaching retirement deserve to get the best out of life and have tailored a range of financial solutions specifically for the over 55s. To find out more about their services visit their homepage or contact the customer services team on 08080 555 222.

Important Information - Pension Income

Pension Drawdown contains an element of risk. The value of your savings and the income taken from may go down as well as up. There is no guarantee of a fund performance meeting future income needs.

With a Fixed-Term Annuity the maturing fund may be guaranteed, however it's uncertain what it will provide as an ongoing income, which may produce a lower income after the fixed-term period has ended.

Some people may be able to take more or less than the 25% tax-free cash allowance depending on your individual circumstances.

Age Partnership is a retirement income specialist, and provides high quality guidance and advice to people approaching, at or in retirement. Its service is suitable for a broad range of UK consumers.

Age Partnership ensures it delivers exceptional service standards to customers by taking the time to understand their goals and having the expertise to ensure they get the most out of what they have.

Over 2500 independent reviews on Trust Pilot: www.trustpilot.co.uk/review/agepartnership.co.uk

In an independent audit by Investor in Customers, Age Partnership achieved the highest possible rating of ‘Exceptional’ for its service in 2012, 2013 and 2015.

Age Partnership featured in the 2011 Sunday Times ‘Fast Track 100’ as one of the UK’s fastest-growing private companies.

Age Partnership ensures its staff offer industry-leading levels of expertise by providing an in-house training scheme to its staff through its Partnership Academy.

Age Partnership makes everything as simple and as easy to understand as possible for customers.

Age Partnership Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority. FCA Register Number 670493.

Age Partnership Wealth Management Ltd, 2200 Century Way, Thorpe Park, Leeds LS15 8ZB.

For further information, please contact:

Louis Auty, Instinctif Partners on: 020 7427 1442 / Louis.Auty@instinctif.com

Tora Turton, Instinctif Partners on: 020 7427 1445 / Tora.Turton@instinctif.com

Angeli Everitt, Instinctif Partners on: 020 7427 1400 / Angeli.Everitt@instinctif.com

100 companies to inspire Britain 2015
brigade